Tesla sales in China fall 70 percent in October
Tesla Inc’s vehicle sales in China fell 70 percent last month from a year earlier, the country’s passenger car association informed Reuters on Tuesday, underscoring how the Sino-U.S. trade war is harming the U.S. electric automaker. An official from China Passenger Car Association stated data from the industry body revealed Tesla sold just 211 cars
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Elon Musk hints at partnering with Daimler’s van
Tesla Inc could be interested in partnering with Daimler’s Mercedes-Benz on an electric version of its Sprinter van, CEO Elon Musk stated on Twitter on Monday. “Maybe interesting to work with Daimler/Mercedes on an electric Sprinter. That’s a great van. We will inquire,” Musk responded to a comment by a Twitter user asking about an
Tesla begin taking Model 3 orders in China
Tesla Inc begin taking orders for its Model 3 sedan in China for a deposit of 8,000 yuan ($1,153.60), as per the electric automaker’s China website www.tesla.cn/model3/reserve. CEO Elon Musk stated, “Probably some deliveries in March, but April is more certain”, after one Twitter user asked when the deliveries in China would start. Tesla has
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Tesla to deliver new Model 3 orders by end of this year
Tesla Inc CEO Elon Musk stated on Thursday that Model 3s ordered in the United States by the end of this month are going to be delivered by December 31, as the electric automaker attempts to take advantage of tax breaks. “Tesla just acquired trucking capacity to ensure Model 3 can be delivered in U.S.
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General Motors CEO expects Tesla to be around in another 10 years
General Motors’s CEO Mary Barra stated on Thursday she expects electric automaker Tesla Inc to be around in the next 10 years, regardless of Tesla’s troubles with turning around its operations. It is “highly possible” GM would be rivaling against Tesla over the next decade, Barra stated at the DealBook conference in New York when
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Baillie Gifford wants to invest more in Tesla
Baillie Gifford & Co, one of the leading shareholders of Tesla Inc, has stated it would be willing to invest more money into the electric automaker, the Times reported on Monday. “If he (Tesla CEO Elon Musk) needs more capital we would be willing to back him,” stated Nick Thomas, a partner at Edinburgh-based Baillie
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Daimler doesn’t rule out cooperating with Tesla in future
Daimler AG does not rule out collaborating with Tesla Inc in future even though the the German automaker sold its stake in the U.S. electric vehicles company, Daimler’s chief executive Dieter Zetsche told a Polish newspaper. Dieter Zetsche informed the daily Rzeczpospolita that after selling the Tesla shares he “never regretted it. This does not
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Tesla has not received subpoena on Model 3 production, says company
Tesla Inc has not received a U.S. subpoena related to its Model 3 production forecasts, the electric automaker stated on Friday, after a report that it dealt with a deepening criminal investigation about the projections. The company has cooperated in replying to what it called a “voluntary request” for documents from the Department of Justice
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Tesla shares surge as Musk delivers quarterly profit
Tesla Inc shares boosted on Thursday as Wall Street analysts stated the company had turned a corner with profitable third quarter results and it may no longer need need to raise outside capital. Increasing 12 percent at one point in early trading, the move in shares has contributed as much as $6 billion to Tesla’s
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Tesla loses rating in Consumer Reports reliability survey
Tesla Inc’s luxury car Model S sedan lost its “recommended” rating and the automaker slid overall by six spots to almost the bottom in Consumer Reports magazine’s yearly reliability survey. All domestic automaker landed in the bottom half of the magazine’s new-car reliability ratings, which consist data collected for over 500,000 vehicles. The survey, which
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Tesla increases new Model 3 price by $1,000
Tesla Inc has increased the cost for its new Model 3 sedan launched previous week by $1,000 to $46,000, according to the automaker’s website. The electric automaker surprised markets by introducing the new model on October 18 in a move that came as U.S. tax breaks for Tesla vehicles are about to reduce. Tesla is
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Tesla critic Citron Research makes U-turn ahead of results
Tesla Inc shares jumped over 12 percent on Tuesday after long-time critic and short-seller Citron Research stated it had a change of heart and is now betting the automaker’s stock will boost. The firm stated in a research note that Tesla’s Model 3 sedan is a “proven hit” and serious rivalry from other automakers for
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Tesla secures Shanghai plot for $2 billion to build Gigafactory
Tesla Inc has signed a deal with the Shanghai government for an 860,000 square meter plot of land to construct its first overseas Gigafactory, the automaker stated in a Chinese social media post. The land agreement marks a major step toward the company and its CEO Elon Musk making cars regionally in China for the
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U.S. Senate bill could give electric car tax credit boost
Tesla Inc and General Motors, that have lobbied Congress to lift a cap on electric vehicles eligible for a $7,500 tax credit, could find their way for up to four years under a new proposition from a Republican senator. On Thursday, Senator Dean Heller proposed legislation that would lift the present cap on electric vehicles
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Tesla says orders placed by October 15 eligible for full tax credit
Tesla Inc stated orders for cars placed by October 15 will be eligible for a full federal tax credit of $7,500 and these clients will get their vehicles delivered by the end of the year. Under a major tax overhaul passed by the Republican-controlled U.S. Congress late last year, rewards in the way of tax
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